EOH fell by 55% (while we were watching Steinhoff). Here’s why…

While South African and foreign investors nervously watched Steinhoff implode, another large JSE-listed firm went into a downward spiral.

EOH’s share price fell by 55% between Thursday and Friday morning.

What was behind that stunning fall?

The Money Show’s Bruce Whitfield interviewed Traders Corner share trader Garth Mckenzie.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

One director sold at R26.55, the very low of the day… pure panic selling…

Garth Mckenzie, Traders Corner

Excessive leverage, and greed.

Garth Mckenzie, Traders Corner

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This article first appeared on 702 : EOH fell by 55% (while we were watching Steinhoff). Here’s why…


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